First Bank
✓ FDIC-insured · Active FDIC Certificate #4519
First Bank is an FDIC-insured state-chartered bank that is a member of the Federal Reserve System, headquartered in Waverly, Iowa, established in 1864. As of the 06/30/2026 FDIC call report, it reported $740M in total assets and $620M in deposits. FDIC location data lists 8 offices in Iowa. The FDIC classifies it as a community bank. It is owned by the holding company FIRST OF WAVERLY CORP (Waverly, IA).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 8 of First Bank's FDIC-listed offices are in Iowa. Browse banks in Waverly for other local options.
Branch locations
| First Bank Waverly Branch · Full Service - Brick And Mortar | 921 W Bremer Ave Waverly, IA 50677 Map ↗ |
| First Bank Plainfield Branch · Full Service - Brick And Mortar | 620 1st St Plainfield, IA 50666 Map ↗ |
| First Bank Clarion Branch · Full Service - Brick And Mortar | 322 Central Ave E Clarion, IA 50525 Map ↗ |
| First Bank First Bank · Full Service - Brick And Mortar | 316 E Bremer Ave Waverly, IA 50677 Map ↗ |
| First Bank Eagle Grove Branch · Full Service - Brick And Mortar | 201 W Broadway St Eagle Grove, IA 50533 Map ↗ |
| First Bank Bartels Branch · Limited Service - Mobile/Seasonal | 1922 5th Ave Nw Waverly, IA 50677 Map ↗ |
| First Bank Cedar Falls Branch · Full Service - Brick And Mortar | 602 Main St Cedar Falls, IA 50613 Map ↗ |
| First Bank Goldfield Branch · Full Service - Brick And Mortar | 435 N Main St Goldfield, IA 50542 Map ↗ |
Holding company: FIRST OF WAVERLY CORP
The FDIC lists FIRST OF WAVERLY CORP, based in Waverly, IA, as the top holding company for First Bank. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Iowa
Active FDIC-insured banks headquartered in Iowa with total assets closest to First Bank's $740M. See all banks in Iowa.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Primebank | Le Mars | $801M | 4 |
| Decorah Bank & Trust Company | Decorah | $794M | 3 |
| City State Bank | Norwalk | $788M | 9 |
| First Central State Bank | Dewitt | $772M | 6 |
| Midwest Heritage Bank, FSB | West Des Moines | $768M | 13 |
| Green Belt Bank & Trust | Iowa Falls | $759M | 9 |
| Manufacturers Bank & Trust Company | Forest City | $738M | 9 |
| First State Bank | Webster City | $674M | 11 |
First Bank: common questions
Is First Bank FDIC-insured?
Yes. First Bank is an active FDIC-insured institution, FDIC Certificate #4519. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is First Bank headquartered?
First Bank is headquartered at 316 E Bremer Ave, Waverly, IA 50677, according to FDIC records.
How many branches does First Bank have?
FDIC location data lists 8 offices for First Bank, all in Iowa.
Who owns First Bank?
The FDIC lists FIRST OF WAVERLY CORP of Waverly, IA as the top holding company for First Bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.